FAIR VALUE MEASUREMENT (Tables)

12 Months Ended

Dec. 31, 2018

FAIR VALUE MEASUREMENT [Abstract]

Financial Assets, Measured at Fair Value

The following table sets forth the financial assets, measured at fair value, by level within the fair value hierarchy as of December 31, 2018:

	Level 1		Level 2		Level 3		Total
Cash equivalents:	$	-	$	-	$	-	$	-
Warrant liability		-		-		4,189,388		4,189,388
Contingent consideration		-		-		605,223		605,223
Total		-		-	$	4,794,611	$	4,794,611

The following table sets forth the financial assets, measured at fair value, by level within the fair value hierarchy as of December 31, 2017:

	Level 1		Level 2		Level 3		Total
Cash equivalents:	$	-	$	-	$	-	$	-
Contingent consideration		-		-		3,374,660		3,374,660
Total		-		-	$	3,374,660	$	3,374,660

Change in Level 3 Instruments

The following table presents the change in level 3 instruments: